ICICI Prudential Mutual Fund launches ICICI Prudential Midcap 150 ETF

Mutual Fund
Jan 16, 2020 by Advisorkhoj Team | Mutual Fund | 28 Downloaded

NFO period: 15th January – 20th January, 2020

Highlights of the NFO:

  • Scheme type – An open-ended Index Exchange Traded Fund tracking Nifty Midcap 150 Index

  • Investment objective – The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index, subject to tracking errors. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

  • Product suitability – The product is suitable for investors who are seeking long term wealth creation an Exchange Traded Fund that aims to provide returns that closely correspond to the returns provided by Nifty Midcap 150 Index, subject to tracking error.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Currently, there are no plans/ options under the scheme.

  • Fund Managers – Mr. Kayzad Eghlim

  • Benchmark – Nifty Midcap 150 Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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